Press Release

Issued by MENA Aerospace.

January 16, 2014

MENA Aerospace Enterprises, WLL (MENA) and Tempus Jet Centers, LLC (Tempus Jets) are pleased to announce that they have entered into a joint venture agreement. The joint venture is born of a synergistic approach to private aviation that will enhance both organizations ability to deliver an exceptional and diverse aviation product to the Middle Eastern region. The joint venture, to be known as MENA Tempus will be based at Bahrain International Airport.

Tempus Jets operates an expansive aircraft maintenance, modification and interior completion facility in Brunswick, Maine USA specializing in Bombardier Global Express, Boeing and Airbus aircraft.

MENA Aerospace has developed an aircraft hangar and office complex at Bahrain International Airport, operates a mixed fleet of Boeing 737 and business jet aircraft, and has offices in Bahrain and Saudi Arabia. Furthermore, the MENA Aerospace group possesses numerous regional and international maintenance approvals.

The joint venture with MENA is intended to provide a direct link between these facilities in the USA and the customer base in the Gulf region. This initiative will also establish a highly technical capability and expertise that will result in local content for aircraft based in the surrounding area.

The Bahrain Economic Development Board (EDB) and the Bahrain Embassy in Washington were very supportive of MENA's joint venture with Tempus in Bahrain.

“It is a great pleasure to welcome this joint venture between MENA Aerospace and Tempus Jets to Bahrain. This agreement provides an excellent opportunity for MENA Tempus to take advantage of fast growth in the GCC region and increasing demand for both business and personal jet services. As an established logistics hub Bahrain is the ideal base from which the new joint venture can expand across the region” said HE Kamal bin Ahmed, Minister of Transportation and acting chief executive of the EDB.

“As we expand our modification and completions capability, it is prudent to establish a presence in the GCC in order to build and maintain relationships with customers who represent the largest concentration of vvip aircraft in the world” said Scott Terry, ceo of Tempus Jets. Mr. Terry added, “We believe that providing technical services on a local level will accelerate the growth for the MENA Tempus brand in this dynamic region of the world.”

Dr. Mohamed Juman, MENA Aerospace's managing director said, “The combining of Tempus' capabilities with the MENA Group's existing capabilities will provide an extremely effective platform from which to deliver an extensive array of complementary services to the aviation market across our footprint locally and regionally.”